Bangladesh Bank has introduced a mandatory requirement to obtain prior clearance from the chief inspector before importing boilers or their components, following instructions from the Ministry of Industries.
The central bank’s Foreign Exchange Policy Department issued a notification on Tuesday to the authorised dealer (AD) branches of all banks handling foreign exchange, directing them to implement the new protocol.
This measure follows a memo from the Boiler Wing of the ministry dated 28 June and applies to all such imports.
Prospective importers are now required to submit a prescribed application form to the chief inspector of boilers. Once received, a designated officer will examine the documentation and provide a report to the chief inspector, who will then decide whether to grant or deny the request.
Upon approval, an official letter will be issued by the deputy chief inspector of boilers. In instances where an application is turned down, the authorities must provide written reasons for the rejection within seven working days.
Applicants retain the right to reapply after addressing any identified deficiencies and paying the necessary fees. The new directive also sets strict timelines for manufacturers, who are now required to finish the construction of boilers within 12 months of their designs and drawings being approved.
Following a sale or delivery, manufacturers are obligated to provide the buyer with all certificates and documents needed for registration. Additionally, the manufacturer must notify the chief inspector in writing, providing the name and address of purchasing entity.
To maintain quality control, relevant authorities are empowered to carry out inspections of manufacturing plants and production lines. The notification also emphasises that manufacturers must comply with existing labour laws to ensure the occupational health and safety of their workforce.
